This article will help you choose between BTC and ETH. Learn more about their most prominent features, and increase both the profitability and safety of your investments
BTC or ETH: An Old Feud
The launch of ETH in 2015 gave birth to an epic confrontation between the two most popular cryptocurrencies. BTC has managed to preserve its leadership over years. However, ETH carved its niche in trading becoming a “digital silver” in a newly created ecosystem. Both coins are blockchains with a great number of similarities. Nonetheless, each has its features and purposes. Let us look at them closer.
What is BTC?
BTC represents the first attempt to introduce a decentralized and peer-to-peer system with useful practical applications in trading and investments. Based on a proof-of-work system, it is designed to replace fiat money and upgrade an existing financial system. As of today, it has the largest number of users and despite its high volatility, it is considered one of the best opportunities for investments.
Pros and Cons
- The first cryptocurrency with the largest pool of clients;
- Limited functionality;
- Potential scarcity because of the limited supply;
- Less transparent than ETH;
What is ETH?
ETH has several similar features. Here is another decentralized system but with a strong emphasis on cross-integration. It features a proof-of-stake mechanism, which is considered far superior in comparison with its predecessor. Unlike BTC, ETH was created with an even more ambitious goal in mind: this cryptocurrency is destined to work as the largest decentralized ecosystem.
Pros and Cons
- Faster transactions;
- Environmentally-friendly since the Big Upgrade:
- Decentralized, secure, and transparent;
- Slightly higher fees in comparison with BTC;
- Unlimited supply.
Should You Swap BTC to ETH?
Both BTC and ETH have great potential for further expansion and development. Both tokens represent a valuable opportunity for investments and trade deals. Hence, the decision whether to convert BTC to ETH or swap them the other way around depends on your goals. Strictly speaking, ETH has more chances to become more than a cryptocurrency, transforming into a gigantic digital marketplace, whereas BTC represents a traditional approach. Statistical data of the best crypto conversion platforms, such as Exolix, demonstrates that users tend to buy both coins, converting them only when an especially lucrative opportunity arises.